Jinwu Financial News | CGN Power (01816) announced that in the first quarter of 2024, it recorded net profit attributable to the company's shareholders of 3.64 billion yuan (RMB, same below), up 3.38% year on year; total profit was about 6.341 billion yuan, up 2.35% year on year. The increase in net profit and total profit was mainly due to a combination of factors such as electricity volume, electricity prices and R&D progress. Basic earnings per share were 0.071 yuan, up 2.90% year over year.
During the period, revenue was recorded at 19.182 billion yuan, an increase of 4.88% over the previous year. The main reason is the increase in construction installation and engineering design business for nuclear power projects under construction in Huizhou, Cangnan, etc.
During the period, the total feed-in capacity of nuclear power units operated and managed by the Group was about 51,814 billion kilowatt-hours, an increase of 1.83% over the same period last year; the company's holding subsidiary's feed-in capacity was about 39.644 billion kilowatt-hours, an increase of 0.79% over the same period last year.